EOR Onboarding: How to Ensure a Smooth Transition
Hiring the right talent is vital for any business's success, but the process of onboarding employees can often be a complex and time-consuming affair. Employer of...
EOR Partners in Malta
Employ in Malta
Expanding your business into Malta offers a strategic advantage in the Mediterranean region. With its robust economy, favorable tax regime, and strategic location, Malta provides a conducive environment for international enterprises seeking growth and regional influence.
About the Country of Malta
Malta, an archipelago in the central Mediterranean, is a member of the European Union and the Eurozone. It boasts a population of approximately 514,000 people and utilizes the Euro (EUR) as its official currency. The country's GDP stands at around €14 billion, reflecting a resilient and diversified economy.
553 Thousand
Population
Euro
Currency
20.96 Billion
Global Domestic Product
Why Choose Malta For Global Expansion?
Malta’s strategic location at the crossroads of Europe, North Africa, and the Middle East makes it an ideal hub for international trade and business operations. The country boasts a competitive corporate tax system, with a standard rate of 35% that can be effectively reduced to 5% through various tax incentives and refund schemes, enhancing its appeal to foreign investors. Malta's business-friendly environment is further supported by a stable political climate, a transparent legal system, and robust infrastructure. Additionally, its highly educated, multilingual workforce, with a significant portion proficient in English, ensures seamless communication and efficient business operations, making Malta a prime destination for global expansion.
Employment Landscape
Malta's employment framework is governed by the Employment and Industrial Relations Act (EIRA), ensuring fair labor practices and employee rights. The standard workweek is capped at 40 hours, with specific regulations varying across industries.
Our Services in Malta
At EOR Partners, we provide comprehensive Employer of Record (EOR) solutions tailored to support your business expansion in Malta. Our services encompass payroll management, ensuring accurate and timely salary disbursements in full compliance with local tax laws. We offer extensive HR support, including employee onboarding, contract administration, and guidance on labor regulations to help your business stay compliant. Additionally, we specialize in navigating the complexities of Maltese employment laws, mitigating risks, and ensuring that your operations run smoothly. With EOR Partners, you can focus on growing your business while we handle the intricacies of employment and compliance.
Employment Benefits in Malta
Employees in Malta benefit from a comprehensive welfare system that includes statutory entitlements such as paid annual leave, sick leave, and public holidays. They also have access to generous maternity and paternity leave provisions, ensuring support for working parents. The country’s healthcare system, funded through employer and employee contributions, provides universal coverage, ensuring that employees can access quality medical care. These benefits, combined with Malta’s commitment to fair labor practices, make it an attractive destination for both employers and employees, fostering a productive and satisfied workforce.
Annual Leave
- Paid Vacation: Employees are entitled to a minimum of 24 days of paid annual leave per year, which can increase based on tenure and collective agreements.
- Public Holidays: Malta observes 14 public holidays annually, during which employees are typically granted time off.
Sick Leave
Employees are entitled to sick leave, with compensation provided through the Social Security system. The standard benefit is two weeks of paid sick leave per year, with additional entitlements based on collective agreements.
Additional Benefits
- Maternity Leave: Female employees are entitled to 18 weeks of maternity leave, with benefits paid through the Social Security system.
- Paternity Leave: Male employees are granted one day of paid birth leave, compensated by the employer.
- Healthcare: Employees have access to public healthcare services, with employers contributing to the General Healthcare System through payroll deductions.
Work Hours and Breaks
- Standard Workweek: The typical workweek in Malta is 40 hours, with a maximum of 48 hours including overtime.
- Rest Periods: Employees are entitled to a minimum rest period of 11 consecutive hours per 24-hour period and at least 24 consecutive hours of rest per week.
- Overtime Compensation: Overtime work is compensated at a premium rate, typically 150% of the standard hourly wage, with higher rates applicable on Sundays and public holidays.
Salary Tax Table
| Taxable Base | Tax Liability | Excess of Taxable Base | Tax Rate |
|---|---|---|---|
| 0 - 9,100 | 0 | 0 | 0% |
| 9,101 - 14,500 | 0 | Amount over 9,100 | 15% |
| 14,501 - 19,500 | 810 | Amount over 14,500 | 25% |
| 19,501 - 60,000 | 2,085 | Amount over 19,500 | 25% |
| Over 60,000 | 8,725 | Amount over 60,000 | 35% |
*All figures based on local currency
EOR Performance Metrics: What to Measure and How
Hi. Looking at having an EOR partnership in Zimbabwe . Do you have oppurtunities thee and what are the requirements ?
EOR Compliance Audits: Ensuring Legal Compliance
The business world is ever-evolving, continually introducing new complexities. One of these complexities is navigating the murky waters of legal compliance. At EOR...
EOR Implementation: Key Steps and Best Practices
Today, companies worldwide seek flexibility, scalability, and cost-effectiveness when expanding their operations, whether domestically or internationally. One strategy...
The Importance of Customized EOR Solutions
In today's dynamic business landscape, companies are constantly seeking ways to streamline their operations and expand their global presence. As organizations strive to...
EOR vs PEO: Which is the Right Choice for Your Business?
Business expansion, both domestically and internationally, is a thrilling prospect. It presents new markets, customers, and revenue streams. However, it's essential to...
Avoiding Common Pitfalls When Choosing an EOR Partner
As businesses grow and seek to expand globally, they often rely on the expertise of Employer of Record (EOR) service providers. Selecting the right EOR partner can help...
EOR Contract Negotiation: Best Practices
The successful operation of a business involves numerous intricate components, with each one playing a vital role in the overall picture. One such critical aspect is...
Making the Final Decision: Choosing the Best EOR Provider for Your Business
Employer of Record (EOR) services have become an indispensable part of modern business strategies, especially for companies expanding their horizons internationally....
How to Choose the Right EOR for Your Business
In today's global marketplace, more businesses are looking towards international expansion to tap into new growth opportunities. However, managing international...